Economics News Results

  • Fed's Powell Says Rising Coronavirus Cases Pose Threat to Economy -- 2nd Update

    Federal Reserve Chairman Jerome Powell said the increased spread of the coronavirus posed an important risk to the economy in the months ahead and said it was too soon to say how a potential vaccine would change the outlook. "With the virus now spreading at a fast rate, the next few months may be very challenging," Mr. Powell said during a virtual question-and-answer session Tuesday.

  • U.S. Retail Sales Rose 0.3% in October -- 3rd Update

    American shoppers boosted their buying more slowly in October, another sign the U.S. economic recovery is losing steam as coronavirus cases increase across the country. Consumer spending data from private companies suggest shoppers turned more cautious this month too as a surge in coronavirus cases in October accelerated in November, prompting some officials to impose new restrictions, mask mandates and other mitigation strategies to slow its spread.

  • U.S. Industrial Production Rose 1.1% in October -- Update

    U.S. industrial production rose last month, as output continued its slow climb back from deep declines last spring due to pandemic-related shutdowns. The Federal Reserve on Tuesday said its index of industrial production-- a measure of output at factories, mines and utilities-- rose a seasonally adjusted 1.1% in October, following a revised 0.4% decline in September. Output remains 5.6% below where it was in February, before the coronavirus pandemic hit, the Fed said.

  • U.S. Home-Builder Confidence Surges in November to a New High

    Home-builder confidence in the U.S. increased in November for the seventh straight month, hitting successive all-time highs over the past three months, according to a measure from the National Association of Home Builders. Here are the report's main takeaways:. --The association's housing market index, which gauges the single-family housing market, increased to 90 in November, up five points from October level of 85. A number over 50 indicates that more builders view conditions...

  • Existing Home Sales Seen Down in October -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Wednesday 0830 Housing Starts Oct 1.45 M 1.415 M-- percent change Oct +2.5% +1.9% 0830 Building Permits Oct +1.56 M 1.553 M-- percent change Oct +0.5% +5.2% Thursday 0830 Jobless Claims Nov 14 710 K 709 K 0830 Phila Fed Mfg Svy Nov 22.0 32.3 1000 Existing Home Sales Oct 6.46 M 6.54 M--...

  • Industrial Production in U.S. Rose 1.1% in October, Fed Says

    U.S. industrial production rose last month, as output continued its slow climb back from deep declines last spring due to pandemic-related shutdowns. The Federal Reserve on Tuesday said its index of industrial production-- a measure of output at factories, mines and utilities-- rose a seasonally adjusted 1.1% in October, following a revised 0.4% decline in September. Output remains 5.6% below where it was in February, before the pandemic hit, the Fed said.

  • U.S. Retail Sales Rose 0.3% in October -- 2nd Update

    U.S. shoppers boosted their buying in October for the sixth month in a row, but the pace of growth slowed considerably amid rising coronavirus cases and uncertainty ahead of the U.S. presidential election. Retail sales increased a seasonally adjusted 0.3% in October from a month earlier, the Commerce Department said Tuesday. That fell short of economists' expectations for a 0.5% rise, and was well below the 1.6% gain in September.

  • U.S. Retail Sales Rose 0.3% in October -- Update

    U.S. shoppers boosted their buying in October for the sixth month in a row, but the pace of growth slowed considerably amid rising coronavirus cases and uncertainty ahead of the U.S. presidential election. Retail sales increased a seasonally adjusted 0.3% in October from a month earlier, the Commerce Department said. That fell short of economists' expectations for a 0.5% rise, and was well below the 1.6% gain in September.

  • U.S. Retail Sales Rose 0.3% in October

    Retail sales rose 0.3% in October, a modest increase in the run-up to the presidential election and amid rising coronavirus cases.

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